Plains All American Pipeline withdraws $400 mln IPO

SteveGelsi

NEW YORK (MarketWatch) -- Plains All American Pipeline L.P.
PAA, -2.84%
rose 41 cents to $51 after the company said it's withdrawing a $400 million initial public offering for Plains GP Holdings L.P. The company said market conditions "have substantially deteriorated" since the IPO process began in August.

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